ACHIEVEMENT FIRST INC (EIN 651203744) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2003

Legal Domicile

Principal Officer

ANDREW BOAS

Phone

2037733223

Tax Period

2024-07-01 to 2025-06-30

ACHIEVEMENT FIRST INC, founded in 2003, is a mid-sized nonprofit in the Education sector that reported $54.9M in total revenue in fiscal year 2024. Expenses of $50.9M left a modest 7% surplus.

Mission

ACHIEVEMENT FIRST, INC. IS A NON-PROFIT CHARTER SCHOOLS MANAGEMENT ORGANIZATION THAT OPERATES A NETWORK OF K-12 PUBLIC CHARTER SCHOOLS IN CONNECTICUT, RHODE ISLAND, AND NEW YORK. THE NETWORK OF SCHOOLS FOCUSES ON PROVIDING STUDENTS WITH THE ACADEMIC AND CHARACTER SKILLS THEY NEED TO GRADUATE FROM TOP COLLEGES, TO SUCCEED IN A COMPETITIVE WORLD, AND TO SERVE AS THE NEXT GENERATION OF LEADERS OF THEIR COMMUNITIES.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $7,597,880

Program Service Revenue $36,550,098

Investment Income $406,469

Other Revenue $10,356,476

TOTAL REVENUE $54,910,923

Expense Breakdown

Grants Paid $3,076,582

Salaries & Benefits $32,576,639

Fundraising Expenses $956,678

Program Expenses $42,064,816

Other Expenses $15,287,241

TOTAL EXPENSES $50,940,462

Year-over-Year Comparison

	2024	2023	Change
Revenue	$54,910,923	$56,469,410	0.0%
Expenses	$50,940,462	$51,110,544	0.0%
Net Income	$3,970,461	$5,358,866	-0.3%

Key Indicators

✓ Grants to Organizations ✓ Grants to Individuals ✓ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

290

Volunteers

Governance Policies

✓ Conflict of Interest Policy

✓ Whistleblower Policy

✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✓ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$423,292

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANDREW BOAS	CHAIR/ACTING TREASURER	1.00	Officer Director	$0	$0	$0
CARRIE SCHINDELE	DIRECTOR	1.00	Director	$0	$0	$0
ELIZABETH ROSE	DIRECTOR	1.00	Director	$0	$0	$0
JENNIFER MULHERN	DIRECTOR	1.00	Director	$0	$0	$0
KATHY HAMEL	DIRECTOR	1.00	Director	$0	$0	$0
KATIE BALLAH	DIRECTOR	1.00	Director	$0	$0	$0
PINAK PUJARI	DIRECTOR	1.00	Director	$0	$0	$0
RESHMA SINGH	DIRECTOR	1.00	Director	$0	$0	$0
SHELLY CLEARY	DIRECTOR	1.00	Director	$0	$0	$0
VALERIE ROCKEFELLER	DIRECTOR	1.00	Director	$0	$0	$0
LISA MARGOSIAN	CEO	40.00	Officer	$418,392	$4,900	$423,292
DUMAR PADEN	CHIEF OF SCHOOLS, HIGH SCHOOL	40.00	Highest	$213,343	$14,016	$227,359
JOHN SHARKEY	CHIEF ACADEMIC OFFICER	40.00	Highest	$219,369	$12,693	$232,062
MICHAEL RABIN	CHIEF STRATEGY OFFICER	40.00	Highest	$212,422	$44,625	$257,047
RUCHIKA SHARMA	CHIEF PEOPLE OFFICER	40.00	Highest	$251,265	$0	$251,265
TIFFANY BOSTIC	CHIEF OF SUPPORT SERVICES	40.00	Highest	$209,942	$12,490	$222,432

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2025	$54,910,923	$50,940,462	$98,826,630	$3,970,461
2024	No data	No data	No data	No data
2023	$41,941,956	$52,573,871	$43,942,379	$-10,631,915
2022	$47,620,076	$51,627,041	$52,266,888	$-4,006,965
2021	$64,422,955	$42,587,793	$52,811,061	$21,835,162
2020	$46,067,624	$42,305,981	$31,723,852	$3,761,643
2019	$42,314,612	$46,523,899	$23,684,012	$-4,209,287
2018	$57,013,087	$44,293,373	$28,141,162	$12,719,714

ACHIEVEMENT FIRST INC